515 Crescent Boulevard

    Glen Ellyn, IL 60137
    • $950,000
    • STATUS: Active
    • ON SITE: 399 days
    • MLS #: 10055363
    UPDATED: 44 min ago
    $950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,586
      SQFT
    • $207
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    THE iconic retail building in the heart of charming Glen Ellyn. 2 tenant building - fully leased, triple net. Brand new 5 year lease for well known restaurant (onset 8/1/2018) with 3% increases and 1 five year option. Dance studio leased through 2021 with 2% increases and 1 five year option. The asking cap rate is 7.85% Building continues to be meticulously maintained, with monthly roof inspections - roof is 8 years old. New AC in fall of 2017 and furnace is 7 years old. The entire exterior was painted in 2016, and new entryway tiling in 2018. 2 Toots restaurant is 2,131 SF and the dance studio is 2,594 SF. Each unit has additional 4,586 SF of storage in the basement which equals a total of 9,100 SF of usable space. This is a SOLID investment on the BEST corner of downtown Glen Ellyn. Showings will be during work hours only, and must be confirmed with listing agent - minimum 24 hour notice required.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2019-09-21T16:51:46.847 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.thewexlergroup.com/homes/86664747

    515 Crescent Boulevard Glen Ellyn, IL 60137

    • Price: $950,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 10055363
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,586
    SQFT
    $207
    $/SQFT
    1961
    Built
    Neighborhood:
    Glen Ellyn
    County:
    DuPage
    Area:
    Glen Ellyn
    Property Description
    THE iconic retail building in the heart of charming Glen Ellyn. 2 tenant building - fully leased, triple net. Brand new 5 year lease for well known restaurant (onset 8/1/2018) with 3% increases and 1 five year option. Dance studio leased through 2021 with 2% increases and 1 five year option. The asking cap rate is 7.85% Building continues to be meticulously maintained, with monthly roof inspections - roof is 8 years old. New AC in fall of 2017 and furnace is 7 years old. The entire exterior was painted in 2016, and new entryway tiling in 2018. 2 Toots restaurant is 2,131 SF and the dance studio is 2,594 SF. Each unit has additional 4,586 SF of storage in the basement which equals a total of 9,100 SF of usable space. This is a SOLID investment on the BEST corner of downtown Glen Ellyn. Showings will be during work hours only, and must be confirmed with listing agent - minimum 24 hour notice required.
    Exterior Features

    Construction BrickConcrete Foundation Concrete Frontage Access City Street Location Central Business DistrictPublic Transport Avail Lot Dimensions 100 X 59 X 101 X 48 Lot Sq Ft 5300 Number Of TLDocks 0 Roof Coverings Shingle Composition Roof Structure Gable

    Interior Features

    Air Conditioning Central IndividualTotalZonedCeiling Fans Ceiling Height Ft 9 Fire Protection Alarm MonitoredAlarm On SiteFire Extinguisher/SSmoke Or Fire ProtectorsSprinklers-Wet Floor Finish CarpetTileVariesWood Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SMulti-TenantPublic Restroom/SStorage InsideBasement Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking Over 100 SpacesCommon ParkingPublic Lot

    Property Features

    Age New Rehab Current Use Commercial Electrical Service Circuit Breakers201-600 Amps120V Power240V Power Expense Year 2018 Exterior Building Type BrickGlass Extra Storage Spaces Available YN Yes Financial Amounts For Total Building Rental Onl Yes Geographic Locale East/West Corridor Gross Rentable Area 9100 Gross Rental Income Amount 87972 Heat Ventilation Central Heat/Indiv ControlsGasCeiling Fans Investment YN Yes Known Encumbrances None Known Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 81620 Net Operating Income Year 2018 Net Rentable Area 4586 Number Of Tenants 2 Potential Use Retail Property Offered For Sale Only Tax Year 2018 Taxes 18704 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerStructureWater/Sewer Total Annual Exp 0 Total Annual Expense Source Combination Total Annual Income 87976 Total Monthly Income 7331 Township Milton Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Water Drainage Drain TilesFloor DrainsStorm Sewers Zoning Type Rtail

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Suburban.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group. Based on information submitted to the MRED as of 2019-09-21T16:51:46.847 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    The Wexler Group
    16123 S LaGrange Road
    Orland Park IL, 60467